Lambo
Bitcoin 3 Drives to $20KIn the midst of international economic instability there is only one that can stand against the onslaught of falling markets and currency devaluations. That is a currency that cannot be devalued! Bitcoin, in finding new bullish momentum, has developed a third glorious bull trend. If $BTC can continue to respect its newfound trend, as it has in two previous instances in 2019, it will likely make a run for 20k within the next couple of weeks. Any violation of the trend is cause for worry however, so stay on your toes! It's us versus the illuminati. Hodl to the end brothers. We're all in this together! MOON! LAMBO!
The SLV Lining of Monetary IdiocyHey everyone. The poor man’s gold looks like the deal of the decade at the moment. I know we’re all in a hurry to pick out Lambo interiors during the upcoming LTC and BTC halving cycles, but don’t miss out on this.
Top chart:
+408% move in the 2009-11 bull market followed by a 72% correction. Sounds eerily familiar, right? More mature asset + more mechanisms by which to suppress price = longer cycles. Markets win on a long enough timeline and price will be discovered when value is realized. No telling if the bottom is in, but it’s just a hair away from 2016 lows and a few bucks off of 2008 prices. Risk seems to the upside.
Bottom chart:
1:92.8 gold/silver ratio. This chart goes back to September, 1997 if stretched all the way out. Never been this high and hasn’t spent more than several weeks above 1:80 until late last fall. Maybe nobody wants silver anymore. Like…ever, ever again. Not for redeemable silver certificates…mobile electronics…electric vehicles…batteries…solar cells…antimicrobial properties…something to soak up the next round of cheap money and QE…idk.
Not financial advice…do your due diligence. But don’t say nobody told ya.
BTCUSD - Touchback to TouchbackHello my fellow Bitcoinistas!
I modified my weekly chart slightly and moved the baby blue trend-line connection points from Touchback to Touchback. Still a perfect fit! If this decline ends at the trend-line like it did the last time we broke out we should see some significant movement from here. I'm not going into the 20/40 cross etc. as I have written about all of this several times before. If you want my latest thoughts and updates just click the follow button and make sure your notifications are turned on for those you follow. Also, if you like these charts and my take on the market then please hit the thumbs up button so others might get a chance to see them too.
Good luck everybody and fasten your seatbelts!
BTCUSD - Bitcoin - 31 Weeks to Lambo !Hello my fellow Bitcoinistas!
At the end of this past week the 20 and 40 week moving averages for Bitcoin have officially crossed over. Obviously if this holds the gap between the two averages will grow and as the weeks move on the cross will be solidly confirmed. the only way to undo it now is to have the bottom fall out for thousands of dollars and soon. I don't see that happening. You will also notice the time span from the last breakout (yellow) and the all time high at 31 weeks. If this breakout follows suit WATCH OUT! It's Lambo time!
At any rate, this is the main chart I am following for Bitcoin because I am not day trading ever little move. I am more interested in the bigger picture and the bigger picture is looking FANTASTIC! (In my opinion)
Good luck Bitcoinistas! May the odds be ever in your favor.
BTC Possible Cup and HandleHere's what I see, divergence between price and volume, RSI is in the overbought territory and what looks like top failure swing. All of which are sell signals to me. Short term I think we see a slight pull back to the ~$6300 range (a key support level), which would form the handle. I used a fractal from previous price action to illustrate the move. Feedback is appreciated! Cheers!
VET/BTC 10-25% Profit, 1-5 Day Trade (& BTT is one bad mothaaa)Happy Friday Financial Amigo's! BTT is my primary love affair at the moment and still gives me tingles you know where. But I also like VET as a potential side chick. It's a good/stable coin, had a nice run over last months and definitely completed significant retrace from then, as well as from all high/late 2017.
My average trade is less than a day but lately I've been trying to venture a bit more into a few mid-term trades to make up for occasional short term loss(es). If I can just couple my wisdom (a.k.a.: arrogant confidence) with some more patience then I'll be in good shape. Seriously though, over time, but especially recently in this coming of age crypto bull market, I've found how important patience truly is if you want to grow as a successful trader.
Easier said than done, especially when drinking while trading. Anyway, not to digress so let's get to it!
TIME RANGE:
Currently: 3 PM Eastern, VET = .00000092 BTC (I'll be excluding all the 0's hereafter)
1-12 Hours :
98/99
1-2 Days :
101/102
1.5-4 Days :
108/109
2-5 Days :
112/113
If I am wrong, then I hope you didn't read this. If I'm right, then you're welcome. Either way, this is for fun and not financial trading advice. DYOR, blah, blah, blah, etc.
PS: SHORT TERM BTC PREDICTION:
Not ever trying to wish losses on other traders, but Gosh! Isn't it nice to hear bears bitching and moaning for once lol. You can fight it all you want, but I knew when this last FUD dip(s) regarding alleged Tether problems/Binance hack, etc., only caused a tiny dip with quick recovery, that it's time for more profits. Other bull runs happened quick, I think this time will be a bit different with longer/more stable growth. However, still expecting some normal Bitcoin/Crypto volatility. Fingers Crossed.
Next Month BTC Timeline:
8K to 8.3K to 9.4K to 10.3K down to 7.5K
(Those are "ish" ranges, not putting my actual sell/buy limits on here lol, or claiming to when it's really fudged figures * cough cough * pay me money for a subscription lol
Good luck trading amigos and thanks for reading. Maybe.